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Sweden is studying a potential transition to the e-krona CBDC

Published 12/11/2020, 08:08 AM
Updated 12/12/2020, 10:00 AM
Sweden is studying a potential transition to the e-krona CBDC

The Swedish government is progressing with its central bank digital currency, or CBDC, by launching a formal review of a potential transition to the digital currency.

According to a Bloomberg report published Friday, the review will explore the feasibility of moving the country's payments infrastructure to a digital currency. The country features one of the most cashless economies in the world.

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